Global Speciality Malts Market – Industry Trends and Forecast to 2029

Speciality Malts Market Analysis and Size

The use of specialty malt is increasing as people become more aware of its nutritional benefits. Malt extracts are emerging as low-cost culinary and functional ingredients. Due to the growth in the convenience food and beverage industry and emerging non-food applications, the specialty malt industry has made significant progress.

Data Bridge Market Research analyses that the speciality malts market was valued at USD 3.01 billion is expected to reach the value of USD 4.65 billion by 2029, at a CAGR of 5.60% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Speciality Malts Market Scope and Segmentation

Market Definition

A specialty malt is a dried germinated cereal grain that has a distinct texture, flavor, color, and effect. It is used in the production of beer and whiskey and is available in liquid and dry forms in flavored and colored variants such as crystal, caramel, chocolate, coffee roasted, and dark malt. Barley, wheat, rye, rice, and corn are used to make these malts. Unlike traditional base malts, specialty malts do not need to be mashed and are instead steeped in hot water to achieve the desired flavor, aroma, and coloring.

Speciality Malts Market Dynamics

Drivers

• The high adoption rate due to its beneficial characteristics

Speciality malt is increasingly being used as a leavening agent in bakery products worldwide because it can be stored at room temperature for longer periods without losing any of its properties. The major players are also focusing on developing high-quality baker's malt to improve its applications as a leavening agent in bakery products, which is one of the major factors driving the speciality malt Market.

• High demand for the organic food products

The bakery industry is a pioneer in the use of speciality malts as an important ingredient. Breads, rye breads, whole wheat bread, buns, white breads, brown breads, and many other bakery products are in high demand worldwide. These dominant factors are propelling the market. Retail sales of organic food products have increased as consumer awareness of the benefits of organic food products has grown.

Opportunity

Due to the rising global consumption, the establishment of mega food parks and an increase in the number of food and beverage manufacturing units are expected to aid the growth of the specialty malt market. Various factors such as advancement in technology, active research and development techniques, productivity growth, growing population resulting in growing demands, government subsidies and lucrative schemes for plant setup and expansion, abundant raw material, and improved connectivity and easy policies for industries to grow catalyse the increase in food processing plants.

Restraints

However, stringent government regulations for speciality malt and speciality malt derivative products are expected to limit the use of speciality malt. Although organic food consumption benefits consumers' overall health, one of the major factors discouraging consumers is the high prices associated with organic products. Organic food is generally expensive due to agricultural production and processing costs. The need for legal regulations and compliance in a specific country also contributes to the product's high pricing which challenges market growth.

This speciality malts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the speciality malts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Speciality Malts Market

The coronavirus pandemic has had a negative impact on almost all businesses worldwide. Market participants in the speciality malt market have focused on increasing production of high-quality speciality malt to meet rising demand from health-conscious consumers in the midst of the pandemic. During the first wave of the coronavirus pandemic, market players developed innovative strategies to stay afloat in the business, despite some negative effects on the speciality malt market such as supply chain disruption. During the coronavirus pandemic, the growing trend and popularity of making baking items at home has greatly increased the sales of speciality malt products. The market is being driven by rising demand for speciality malt in the food and beverage industries. Global manufacturing firms are concentrating their efforts on increasing speciality malt production.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• Lallemand Baking will launch LalFerm, a new brand of fresh speciality speciality malt, in North America in 2019. The new brand provides Speciality with customised speciality malt solutions for their applications (lean dough, sweet dough, rich dough, frozen dough, flexible proofing, Vitamin D rich, etc.).
• Angel Speciality malt Co. Ltd debuted its new purpose-built speciality malt and biotechnology R&D Center in China in 2018. The new centre has a total area of 36,000sqm and can house up to 1,500 people engaged in R&D and related work, with the goal of transforming the complex into a world-class biotechnology product R&D centre and a leading Global speciality malt technology research platform.

Global Speciality Malts Market Scope

The speciality malts market is segmented on the basis of source, type, flavor and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Rye
• Barley
• Wheat
• Others

Type

• Crystal
• Roasted
• Dark
• Others

Flavour

• Coffee Flavour
• Chocolate
• Caramel
• Smoked
• Aromatic Malts

Applications

• Brewing
• Distilling
• Non-Alcoholic Malt Beverages
• Baking
• Others

Speciality Malts Market Regional Analysis/Insights

The speciality malts market is analysed and market size insights and trends are provided by country, source, type, flavor and application as referenced above.

The countries covered in the speciality malts market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Europe dominated the global specialty malt market and is expected to grow at the fastest CAGR during the forecasted period due to the high consumption of alcoholic beverages and savoury products.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Speciality Malts Market Share Analysis

The speciality malts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to speciality malts market.

Some of the major players operating in the speciality malts market are:

• Dun & Bradstreet, Inc (U.S.)
• Conagra Brands, Inc. (U.S.)
• London Dairy Co. Ltd (U.K.)
• Danone SA (France)
• ADM (U.S.)
• Daiya Foods Inc. (Canada)
• Grupo Bimbo S.A.B.de C.V.(Mexico)
• Associated British Foods PLC (U.K.)
• General Mills Inc. (U.S.)
• Lantmännen Unibake (Denmark)
• Aryzta AG (Switzerland)
• Vandemoortele NV (Belgium)
• Europastry S.A. (Spain)
• Cole’s Quality Food Inc. (U.S.)

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